Earnings Preview: Cardinal Health
Portfolio Pulse from Benzinga Insights
Cardinal Health (NYSE:CAH) is expected to report an EPS of $1.60 in its upcoming quarterly earnings on February 1, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Last quarter, CAH beat the EPS estimate by $0.32 but saw no change in stock price the following day. Historically, CAH's stock price has reacted variably to past earnings performances. Currently, CAH shares are up 42.2% over the last 52 weeks, trading at $107.06 as of January 30.
January 31, 2024 | 2:01 pm
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POSITIVE IMPACT
Cardinal Health is anticipated to report an EPS of $1.60 and investors are hopeful for a beat and positive future guidance. Shares have risen 42.2% over the past year, indicating a bullish sentiment.
Given the positive historical performance and the 42.2% increase in share price over the past year, there is a bullish sentiment among investors. If CAH beats the EPS estimate and provides positive guidance, it is likely to have a favorable impact on the stock price in the short term. However, the previous quarter's beat with no subsequent price change indicates that the market may have already priced in such expectations to some extent.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100